China supports private enterprises and encourages private investment

China's chief economic planner has promised a series of measures to stimulate private enterprise and encourage private investment.

Appropriate policies will be applied in several areas, such as promoting key projects, facilitating financing of private enterprises and optimising the investment environment, Meng Wei, spokesman for the National Development and Reform Commission, told a news conference.

The Commission will select significant national projects with a qualified return on investment and relatively mature conditions for attracting private capital in various ways.

Efforts will be made to encourage high-quality projects to develop real estate infrastructure investment trusts (REITs) and to link private investors and financial institutions to facilitate financing.

Meng said the commission would help private companies find new growth opportunities, improve investment decision-making and monitor the scale of debt financing to avoid risks.

Efforts will also be made to create a fair, transparent and law-based development environment for businesses of all forms of ownership and to promote high-quality growth in private investment, as reported by Xinhua News Agency, a partner of TV BRICS.

Photo: istockphoto.com